Exercise $\backslash (\backslash$mathbf$\{20-20\}\backslash )($Algo$)$ Cash budget LO P$2$

Karim Corporation requires a minimum $\backslash (\backslash$$ $8,600\backslash )$ cash balance. Loans taken to meet this requirement cost $\backslash (1\backslash \%\backslash )$ interest per month $($paid at the end of each month$).$ Any preliminary cash balance above $\backslash (\backslash$$ $8,600\backslash )$ is used to repay loans at month$-$end. The cash balance on July $1$ is $\backslash (\backslash$$ $9,000\backslash ),$ and the company has no outstanding loans. Budgeted cash receipts $($other than for loans received$)$ and budgeted cash payments $($other than for loan or interest payments$)$ follow.

Prepare a cash budget for July, August, and September.

Note: Negative balances and Loan repayment amounts $($if any$)$ should be indicated with minus sign. Round your final answers to the nearest whole dollar.